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Container Logistics (CFS & ICD) Market in India 2015

  • Id : RNR-249518
  • Category : Agriculture
  • Publish Date : 4-Feb-15
  • Publisher : Netscribes
  • Pages : 160
  • Format : PDF
License Type

Description
Netscribes' latest market research report titled Container Logistics (CFS & ICD) Market in India 2015 highlights the overall scenario of the container logistics market in India. Growth of Indian container traffic has led to the demand for transit facilities such as CFS and ICD, which offer services for containerization of break bulk cargo and also handles custom activities. CFS and ICD facilities are an integral component of the logistics sector infrastructure. India, being at the brim of experiencing heightened trade with emerging countries makes this market attractive segment that constitutes a growing asset in the EXIM supply chain. The market is set to expand predominantly owing to the growth in containerized cargo, improvement in custom clearance activities, higher margins in comparison to other logistics activities, and construction of dedicated freight corridor. Government initiatives in the form of allowance of 100% FDI in logistics sector, development of the port sector via Maritime Agenda-Vision 2020, investments in shipbuilding along with policies to invite private sector to build logistics parks and Free Trade Warehouse Zones (FTWZ) have provided the much needed impetus to the container logistics market in terms of space, planned assets and low cost superior services.
 
Poor infrastructure facility and high costs associated with setting up of CFS and ICD facilities are the basic challenges faced by the industry. However, continuous investments in major ports towards capacity creation and improving container handling efficiency have well added to the advantage of the market. Further analyzing the environmental perspective, container ships are the cleanest modes of transport for bulk cargo. Thus promotion of coastal shipping is a much desired trend. Focus on investment strategy and improving efficiency of container ports are the key strategies to expect a sustainable growth trajectory in the overall container logistics sector.